NEWTOWN SQUARE, Pa., September 22 – The Society of Financial Service Professionals (FSP) today announced that MEDRAD is a recipient of the 2006 American Business Ethics Awards(ABEA) along with General Dynamics Armaments and Technical Products, Charlotte, NC, and RTI/Community Management Associates, Inc. (CMA), Plano, TX.. FSP honored the recipients at a luncheon on September 25 at the Union League in Philadelphia.
MEDRAD, Inc.
MEDRAD’s Code of Business Conduct is exceptional not simply because of what it says, but more importantly because it has successfully guided the company and its employees through the legal and regulatory complexities of a highly regulated and closely scrutinized industry. The company’s Compliance Department is committed to insuring legal, ethical and regulatory compliance throughout the organization. MEDRAD has a comprehensive compliance code in place, which provides training and education for all employees, maintains effective lines of communication within the organization for reporting ethical and other issues, conducts internal audits of the compliance program and monitors its overall effectiveness, enforces standards and responds promptly to detected problems. MEDRAD’s reputation for business ethics has brought it recognition from its peers and customers. MEDRAD was the recipient of the prestigious Malcolm Baldridge National Quality Award in 2003 and ranked 13th among the top 100 Best Places to Work in Pennsylvania by the Best Places to Work in Pennsylvania Institute. They ranked in the top five in two out of three categories by readers of Medical Imaging Magazine in December, 2005 and have been named one of the “200 Best Small Companies in America” by Forbes Magazine. James A. Loeffler, CPA, CFE, nominated the company for the award through the Pittsburgh Chapter of the Society of FSP.
In making the announcement, Society President Ward Anderson said, “The recipients, and all the nominees for the American Business Ethics Awards, remind us that integrity remains a vital element of American business culture, despite recent well-publicized scandals. We at FSP are heartened by the many examples of ethical corporate conduct we have the privilege of seeing through the ABEA program,” he said.
Customers, employees, shareholders, or other members of the local community may nominate companies for the American Business Ethics Award. Each nominated company fully documents its answers to the ABEA Ethics Questionnaire and provides comprehensive supporting material to aid the judges in making their selection. ABEA judging guidelines are stringent and carefully applied by an expert panel drawn from the business, academia, public service, media, consulting and ethics communities.
Established in 1994, the American Business Ethics Award recognizes companies that exemplify high standards of ethical behavior in their everyday business conduct and in response to specific crises or challenges. Nominees are rated in four broad areas: executive commitment to ethics, ongoing ethics programming, demonstrated ethical business practices, and commitment to stakeholders, including employees, customers, and the community. Past recipients include Whirlpool Corporation, Starbucks Coffee, Weyerhauser and Lockheed Martin.
MEDRAD has a longstanding history of ethics and compliance. Find out more >>
